American Century Companies Inc. Buys 71,109 Shares of Crocs, Inc. $CROX

Key Points

• American Century Companies Inc. increased its stake in Crocs, Inc. by 42.3%, owning a total of 239,395 shares worth approximately $25.4 million after acquiring an additional 71,109 shares.
• Several hedge funds, including Wells Fargo and Dimensional Fund Advisors, have also boosted their stakes in Crocs, highlighting growing institutional interest with 93.44% of the stock currently owned by institutional investors.
• Analysts have recently revised their price targets on Crocs, with the average target price now at $104.42 and eight analysts rating it as a "Buy," reflecting a cautious sentiment in the market.

American Century Companies Inc. grew its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 42.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,395 shares of the textile maker's stock after purchasing an additional 71,109 shares during the period. American Century Companies Inc. owned approximately 0.43% of Crocs worth $25,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Crocs by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,136 shares of the textile maker's stock worth $333,000 after acquiring an additional 126 shares during the last quarter. Parallel Advisors LLC grew its position in Crocs by 26.5% during the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after acquiring an additional 132 shares during the last quarter. Wedbush Securities Inc. grew its position in Crocs by 5.5% during the 1st quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker's stock worth $275,000 after acquiring an additional 135 shares during the last quarter. ProShare Advisors LLC grew its position in Crocs by 5.3% during the 4th quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock worth $299,000 after acquiring an additional 137 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its position in Crocs by 20.9% during the 1st quarter. Whipplewood Advisors LLC now owns 1,064 shares of the textile maker's stock worth $113,000 after acquiring an additional 184 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Crocs Trading Down 0.3%

Crocs stock traded down $0.27 during mid-day trading on Monday, hitting $86.29. 1,261,367 shares of the company's stock were exchanged, compared to its average volume of 2,989,871. The firm has a market capitalization of $4.71 billion, a P/E ratio of 23.13, a PEG ratio of 1.99 and a beta of 1.41. Crocs, Inc. has a fifty-two week low of $73.76 and a fifty-two week high of $151.13. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The company's 50 day simple moving average is $97.69 and its 200-day simple moving average is $100.87.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, topping the consensus estimate of $4.01 by $0.22. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CROX shares. Stifel Nicolaus restated a "hold" rating and set a $85.00 price target (down from $127.00) on shares of Crocs in a research report on Friday, August 8th. The Goldman Sachs Group decreased their price objective on Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. Monness Crespi & Hardt decreased their price objective on Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. UBS Group decreased their price objective on Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Finally, KeyCorp cut their price objective on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Crocs has an average rating of "Moderate Buy" and an average target price of $104.42.

Insider Activity at Crocs

In related news, Director John B. Replogle acquired 3,261 shares of the business's stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $76.69 per share, with a total value of $250,086.09. Following the acquisition, the director owned 15,417 shares in the company, valued at $1,182,329.73. This represents a 26.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Healy purchased 2,000 shares of Crocs stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, with a total value of $153,120.00. Following the acquisition, the executive vice president directly owned 50,078 shares of the company's stock, valued at $3,833,971.68. This trade represents a 4.16% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.